Publication
What is happening with stablecoins in Canada?
Canadian securities regulators have taken a pragmatic approach to the trading of crypto assets.
Global | Publication | November 2016
Under the Russian Civil Code the value of the net assets of any company incorporated in Russia must, from the end of the second fiscal year after its incorporation and for every subsequent fiscal year, remain not less than the company’s charter capital. If this condition is not fulfilled, the company will be required to either increase its net assets at least up to the amount of its charter capital, or to register a decrease in its charter capital as prescribed by the law. Further, where a company’s net assets become less than the minimum charter capital required by the law, this company will become subject to liquidation.
In light of this requirement, we recommend calculating the value of your Russian companies’ net assets based on their balance sheets for the third quarter of the current year as soon as possible to determine whether they have a sufficient net assets value.
Please let us know if you would like to discuss any issues raised by this legal alert.
Publication
Canadian securities regulators have taken a pragmatic approach to the trading of crypto assets.
Publication
For anyone seeking or about to seek an injunction – be forewarned. Either bring your “A” game when filing your application and evidence, or save your time and money.
Publication
Corporations are considered separate legal persons distinct from the people that run them. But, they do not have their own minds or willpower. This raises a question when statutory or common law tests require a finding as to the intent of the corporation.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023